Arctineering IVS — Credit Rating and Financial Key Figures

CVR number: 40714723
Avallia 7, 3905 Nuussuaq
jonas@arctineering.gl
tel: 566014
www.arctineering.gl

Company information

Official name
Arctineering IVS
Established
2019
Company form
Entrepreneurial limited company
Industry

About Arctineering IVS

Arctineering IVS (CVR number: 40714723) is a company from SERMERSOOQ. The company reported a net sales of 0 mDKK in 2023, demonstrating a decline of -50.9 % compared to the previous year. The operating profit percentage was at 91 % (EBIT: 0 mDKK), while net earnings were 17.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 37 %, which can be considered excellent and Return on Equity (ROE) was 39.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 71 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Arctineering IVS's liquidity measured by quick ratio was 3.4 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
Volume
Net sales143.8051.6425.38
Gross profit95.4530.3823.09
EBIT48.50-17.7415.5423.09
Net earnings36.03-12.4411.6617.32
Shareholders equity total53.0335.3034.9452.46
Balance sheet total (assets)104.6786.9450.8473.93
Net debt-53.03-35.30-50.84-73.93
Profitability
EBIT-%33.7 %30.1 %91.0 %
ROA46.3 %-18.5 %22.6 %37.0 %
ROE67.9 %-28.2 %33.2 %39.6 %
ROI46.3 %-18.5 %25.5 %52.8 %
Economic value added (EVA)36.37-9.8416.6619.03
Solvency
Equity ratio50.7 %40.6 %68.7 %71.0 %
Gearing97.4 %146.3 %
Relative net indebtedness %-36.9 %-67.7 %-206.7 %
Liquidity
Quick ratio2.01.73.23.4
Current ratio2.01.73.23.4
Cash and cash equivalents104.6786.9450.8473.93
Capital use efficiency
Trade debtors turnover (days)
Net working capital %36.9 %67.7 %206.7 %
Credit risk
Credit ratingBBBBBB

Variable visualization

ROA:37.0%
Rating: 87/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:71.0%
Rating: 54/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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